{"id":1004765060,"date":"2025-07-21T09:52:59","date_gmt":"2025-07-21T17:52:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004765060"},"modified":"2025-07-21T13:46:10","modified_gmt":"2025-07-21T21:46:10","slug":"convene-to-open-16th-manhattan-location","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/","title":{"rendered":"Convene to Open 16th Manhattan Location"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"Rendering<\/a>
The 32,000-square-foot meeting and event center at 555 Broadway is scheduled to open in 2026. Image courtesy of Convene<\/em><\/figcaption><\/figure><\/div>\n\n\n

Convene will open a 32,000-square-foot meeting and events venue at Scholastic Corp.\u2019s 555 Broadway<\/a> in Manhattan\u2019s SoHo neighborhood. The future location marks Convene\u2019s 16th space in the borough, slated to begin welcoming customers in the spring of 2026.<\/p>\n\n\n\n

Set on the building\u2019s second floor, the venue will accommodate a maximum event capacity of 450 individuals. Amenities will include a retail entrance with a welcome desk, seven meeting and event spaces, a 252-person main hall, 16-person boardroom, five studios, gallery spaces and in-house catering. Convene\u2019s deal with the property\u2019s ownership also includes coveted branding rights on the building. The tenant\u2019s in-house design team, together with New York City firm Marlo & Kroft, oversee the venue\u2019s design layouts.<\/p>\n\n\n\n

Convene owns and manages nearly 40 locations across nine cities in the U.S. and the U.K., including Boston, Chicago, New York City, Philadelphia, San Francisco, Washington D.C., London and Manchester. The NYC locations are concentrated in Manhattan, with three in Lower Manhattan and the rest in Midtown. The Lower Manhattan sites are closest to Convene\u2019s newest venue, at 225 Liberty St. (Convene Brookfield Place), 1 Liberty St. (Convene One Liberty Plaza) and 101 Greenwich St. (Convene 101 Greenwich).<\/p>\n\n\n\n

Last year, the hospitality firm opened a 30,000-square-foot meeting and conference center<\/a> at 5 Times Square, which opened in March 2024. Around the same time, the company also expanded its footprint at 360 Madison Ave.<\/a> by 22.519 square feet, reaching a total of 68,000 square feet at Stawski Partners’ property. <\/p>\n\n\n\n

A 135-year-old SoHo asset<\/h2>\n\n\n\n

New York-based publishing company Scholastic acquired the 215,342-square-foot office building in 2014 for $255 million, from ISE America, Yardi Research Data data shows.<\/p>\n\n\n\n

Originally completed in 1889 to serve as a retail property, the 10-story asset was converted into an office building a century later, in 1989. The property underwent a complete renovation in 1994 and cosmetic upgrades in 2015, according to the same source. The SoHo office building is adjacent to the Prince Street subway station on lines N, Q, R, W, which connect the Scholastic’s asset to downtown, some 4 miles north.<\/p>\n\n\n\n

Manhattan’s full-service equivalent listing rates averaged $68.08 per square foot as of May, reflecting a 4.5 percent drop year-over-year, while staying well below the national figure of $33.15, the latest Yardi Matrix office report<\/a> shows. Office vacancy in the borough clocked in at 15.7 percent, down 50 basis points over the last 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"

The venue is located in a historic SoHo building.<\/p>\n","protected":false},"author":3619,"featured_media":1004765088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[52118,1600,21742,10],"tags":[37899],"class_list":["post-1004765060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coworking","category-new-york","category-latest","category-northeast","tag-convene"],"acf":[],"yoast_head":"\nConvene to Open 16th Manhattan Location - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Convene will open a 32,000-square-foot meeting and events venue at Scholastic Corp.\u2019s 555 Broadway in Manhattan\u2019s SoHo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Convene to Open 16th Manhattan Location\" \/>\n<meta property=\"og:description\" content=\"Convene will open a 32,000-square-foot meeting and events venue at Scholastic Corp.\u2019s 555 Broadway in Manhattan\u2019s SoHo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-21T17:52:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-21T21:46:10+00:00\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Convene-555-Broadway.png\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/\",\"name\":\"Convene to Open 16th Manhattan Location - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Convene-555-Broadway.png\",\"datePublished\":\"2025-07-21T17:52:59+00:00\",\"dateModified\":\"2025-07-21T21:46:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\"},\"description\":\"Convene will open a 32,000-square-foot meeting and events venue at Scholastic Corp.\u2019s 555 Broadway in Manhattan\u2019s SoHo.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/convene-to-open-16th-manhattan-location\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Convene-555-Broadway.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Convene-555-Broadway.png\",\"width\":4000,\"height\":2250,\"caption\":\"Rendering of Convene's latest venue, at 555 Broadway. 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